Silverpeak advises Origami Energy on Series C funding round led by Barclays

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Origami on £20.5m of new funding to help drive its next phase of growth. Barclays PLC led the round, investing as part of their Sustainable Impact Capital initiative, set up to back companies that are focused on sustainability and driving the transition towards net zero. Follow-on investment was provided by Origami’s existing shareholders, including Octopus Ventures, Aggreko, and Cambridge Innovation Capital.

Origami is a technology company on a mission to build a green energy world, powered by smart technology. As ambitious climate targets drive a transition to renewables, energy systems are becoming more distributed, complex, and volatile. We cannot turn the wind and sun on or off to meet supply and demand in the same way that we have done previously with power stations. Smart digital solutions are required to better manage our power grid as more and more renewable assets are added. Powerful real-time solutions are critical to coordinate networks of renewables, flexible demand and energy storage, to build a green energy system that is efficient, profitable, and sustainable for the long term.

Origami’s trading and automation software provides power traders with real-time data and machine-learning decision support tools to reduce risk, improve visibility and capture valuable opportunities within new and rapidly evolving energy markets.This new investment enables Origami to enhance its products, serve a growing customer base and scale up for international markets. The success of this funding round also highlights the increasing investor appetite to back leading tech companies pursuing the reduction of global carbon emissions.

Silverpeak was engaged due to its expertise in SaaS / Software and fund raising to advise Origami on its Series C financing, positioning the company as a future global software leader in the energy sector. As part of the process, Silverpeak approached an international range of financial investors (VC & mega infrastructure funds looking to fund enabling technologies ) as well as strategic counterparties with a strong interest in renewable energy and ESG focused software investments.

Silverpeak assisted the Origami team in developing a clear and compelling equity story, prepared an in-depth international expansion fuelled business plan, actively supported management during their interaction with investors, and negotiated management friendly terms, resulting in a successful investment round with a Tier 1 ESG focused Financial Institution.

Peter Bance, Origami CEO, said, “Origami’s recent fund raise will help us become the leading independent technology platform for the energy sector, and accelerate the global transition to net zero. Silverpeak really understands technology companies, and they helped us ‘translate’ our equity story into a language that investors would easily understand.”

Paddy MccGwire, Silverpeak Managing Partner leading the transaction said, “Origami’s evolving SaaS platform is a game changer for the energy sector globally as it addresses the opportunities and liabilities of increasing volatility caused by renewable energy on the grid. We are very pleased to have advised the Origami team and sourced this Series C investment led by Barclay’s Sustainable Impact Capital with follow on from existing investors.”

For further information please contact Paddy MccGwire – pm@silverpeakib.com

SILVERPEAK SPACETECH REPORT: Investment in Space Technologies continues to accelerate

Augmenting its expertise in the deeptech, Silverpeak is actively advising companies in the space technology sector, and interfacing with a wide range of financial investors and corporates.

This new report provides an overview of the main themes in space tech, identifying some of the key trends, themes and transactions, and also looks at some of the questions that investors are grappling with.

It covers:

• The development of space sector investment, and main drivers

• Investor types and focus; and the recent SPAC phenomenon

• Subsectors:

• Launch vehicles
• Propulsion
• Satellite Comms
• Remote Sensing
• In-Orbit Services
• Ground Segment
• China market

Download report

Please contact David Ford df@silverpeakib.com to discuss any themes, trends or questions you may have regarding this report.